US EditionCommodity prices and increased copper sales volumes boost Teck Q1 profit
- Teck Resources reported its first-quarter results showing increased profit and revenue.
- Rising commodity prices and higher copper sales boosted profits for the period.
- Company revenue totaled $2.29 billion, an increase from $1.62 billion last year.
- Profit from continuing operations reached $370 million for the quarter ending March 31.
- This result significantly improved upon a loss of $125 million recorded last year.
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Winnipeg Free Press+11 Reposted by 11 other sources
Commodity prices and increased copper sales volumes boost Teck Q1 profit
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Teck Resources See Q1 2025 Net Income Swing To $370M From Loss
Teck Resources (TSX: TECK.B) has reported its Q1 2025 financials, with quarterly revenue surged 41% year-over-year to $2.29 billion, up from $1.62 billion in Q1 2024. Gross profit more than tripled to $536 million from just $169 million a year ago. Teck attributes this spike primarily to a favorable pricing environment and higher sales volumes in copper and zinc. Net income from continuing operations rebounded to $370 million versus a loss of $1…
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